Accumulation of trend potential

18 February 2016, GBP/USD

Daily chart: pressure is going to increase in direction of support line 1.4140 (bottom Bollinger line). Support line could be loaded. Envelopes are horizontal the main expectation would be bounce up.

Accumulation of trend potential

Н4: local support is 1.4203 (bottom Bollinger line).

Accumulation of trend potential

Н1: horizontal corridor is 1.4263-1.4323.

Accumulation of trend potential

Expectation: flat 1.4263-1.4323.

Trading decisions: sells from 1.4323 to 1.4263 or perhaps to 1.4203

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
We will be pleased to answer any questions you may have



Get bonus